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Douglas Ellman Of Shearson Financial Services Has 3 Customer Complaints For Alleged Broker Misconduct

Who is Douglas Ellman of Shearson Financial Services?

Douglas Ellman (CRD #1673088) who is currently registered with Shearson Financial Services and located in Boca Raton, Florida is a subject of one of our many securities industry sales practice abuse investigations.

Douglas Ellman was also the subject of the FINRA investigation for allegedly Ms. Martin customer order tickets as unsolicited when in fact the trades were solicited.  The matter was settled by consent to a three-month suspension and $5, 000 fine.

Douglas Ellman Customer Complaints

Douglas Ellman has been the subject of 3 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. One of Douglas Ellman’s 3 customer complaints was settled in favor of investors. Two of Douglas Ellman’s customers’ complaints was denied and, to date, the customers have not taken any further action.

Allegations Against Douglas Ellman

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Customers’ heirs mistakenly thought the account lost over 300k thousand. Clients’ heirs claim, unauthorized trades and overall mismanagement of the account allegedly by Douglas Ellman.
  • Investment Losses allegedly made by Douglas Ellman.
  • Douglas Ellman’s alleged investment losses.

Douglas Ellman Red Flags & Your Rights As An Investor

Of course, Douglas Ellman did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Douglas Ellman at Shearson Financial Services on alert to review carefully the activity and performance of their accounts and question whether Douglas Ellman has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Shearson Financial Services also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Shearson Financial Services Due To Douglas Ellman

If you have questions about Shearson Financial Services and/or Douglas Ellman and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce has been a trial attorney for more than 40 years and is the founding partner of The Law Offices of Robert Wayne Pearce. You can learn more about Robert and his accomplishments by clicking here.

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